Month: June 2018

PGT Innovations, Inc. PGTI stock looks promising at the moment driven by solid price appreciation due to its highly-innovative product offerings, increased advertising and improved demand for impact-resistant products stemming from heightened, post-Irma awareness. We are optimistic about the company’s prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. […]

Legg Mason LM announced that it has entered into a non-prosecution agreement with the U.S. Department of Justice (“DOJ”) and has agreed to pay about $64 million for settlement of allegations related to Libyan bribery case. […]

The month of June has commenced on a bullish note as the three major stock indices in Wall Street rose on Monday. Nasdaq composite closed at a record high since Mar 12, primarily due to a rally in technology stocks like Apple, Microsoft and Twitter. Apple hit an all-time high and is now very close to reaching the coveted trillionaire market cap milestone […]

In a bid to bolster presence in the payment industry, PayPal Holdings, Inc. PYPL has acquired San Mateo-based startup, Jetlore. Notably, the startup provides a prediction platform by leveraging the power of artificial intelligence (AI). […]

After a strong start in 2018, the drug sector struggled a bit in the next few months probably on U.S. market instability and a few negative updates on the pipeline and regulatory front. In the first four months of the year (January-April), the biotech industry significantly underperformed the S&P 500. […]

Delta Air Lines, Inc . DAL reported traffic figures for May 2018. Consolidated traffic, measured in revenue passenger miles (RPMs), came in at 19.69 billion, up 2.9% year over year […]

Shares of Tech Data Corp . TECD rose 6.7% since the release of first-quarter fiscal 2019 results on May 31. Although earnings deteriorated 1.6% on a year-over-year basis, investors were encouraged by a bottom-line beat after a miss in the preceding quarter […]

Ciena Corporation CIEN recently inked a definitive agreement to acquire Packet Design, LLC. The financial terms of the deal, however, remained undisclosed. […]

Qualcomm Incorporated QCOM recently announced that it has entered into separate partnerships with Samsung Electronics Co and Sprint S . Its subsidiary, Qualcomm Technologies has joined forces with Samsung to unveil the Snapdragon 850 in the latter’s upcoming 2-in-1 PC. At the same time, Qualcomm has teamed up with Sprint to offer free unlimited LTE data through 2018 for PCs which use its Snapdragon 835 processor […]

Square Inc. ’s SQ price target was recently increased 20% to $66 from $55 by Stifel’s analyst Scott Devitt. The analyst believes that the Weebly deal will bring about new growth opportunities for the company in the near future. […]

Xerox Corporation XRX has a post-sale driven business model and is currently going through a three-year Strategic Transformation program. In the first quarter of 2018, the company reported mixed results. Adjusted earnings per share of 68 cents were up by a penny from the year-ago quarter but lagged the Zacks Consensus Estimate by 2 cents. […]

In the recently-announced quarterly update, residential REIT AvalonBay Communities Inc. AVB noted that it expects total rental revenues for established communities in Q2 to climb 2.4-2.5% from the prior-year period. […]

Amedisys, Inc. AMED recently purchased back half of KKR & Co. […]

Credit rating giant Moody’s Investors Service has placed a downgrade rating review of Ba2 senior debt rating for WellCare Health Plans, Inc. WCG and Baa2 insurance financial strength ("IFS") rating for its subsidiary WellCare of Florida, Inc. The agency decided to review the ratings after the company announced its intention to acquire Meridian — consisting of Meridian Health Plan of Michigan, Inc., Meridian Health Plan of Illinois, Inc […]

PPL Corporation PPL announced that it has acquired Safari Energy LLC, a leading provider of solar energy solutions. Safari Energy provides a turnkey solution to its customers, starting from financing their projects to designing, engineering and construction. […]

3M Company MMM recently announced the sale of substantial part of its Communication Markets Division to Corning Incorporated. Notably, Corning is a premier manufacturer of glass, ceramics and related materials for industrial and scientific applications. The transaction worth $870 million is likely to generate a full-year 2018 earnings benefit of 40-45 cents per share to 3M. […]